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Author Topic: My simplistic ideas to solve the banking/debt crisis  (Read 347 times)
Jet Cash
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January 11, 2016, 08:51:09 AM
 #1

- Outlaw fractional reserve banking
- Withdraw the bail-in provisions
- Create a national bank for the people
- Allow commercial decisions to determine if a bank should stand or fall
- Convict and imprison any banker found to be breaking the law
- Use quantitive easing to improve the infrastructure and not bank profits.
- Stop transferring junk derivatives into government ownership.
- Give every person a lump sum (say $1,000) towards debt repayments. If you don't have any debts, you get to spend the money.
- Allow crypto-currencies to exist without government intervention.
- Scrap the EU to remove the problems caused by Germany

££&$$>  Find out about rail biking in the Jet Cash coffee lounge thread on the Ivory Tower board. <££&$$.
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foggyb
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January 11, 2016, 11:48:53 PM
 #2

You forgot the most important part - anoint an entity with the required absolute power to implement these wonderful ideas.
ObscureBean
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January 12, 2016, 06:22:43 AM
 #3

Haha that's a good one, I almost thought you were serious with the first line  Cheesy Oh well at least your post has provided me with the best laugh I've had all day. I'm just curious how did you come up with those ideas, it's certainly an interesting mix, some of them could open up a serious debate while the rest are downright hilarious.
Totally loved your post BTW  Smiley
Ch3wbacca
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January 12, 2016, 02:03:02 PM
 #4

Sounds like socialism, and it would never work in practice. Looking at you China.  Roll Eyes

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January 12, 2016, 02:07:29 PM
 #5

- Outlaw fractional reserve banking
- Withdraw the bail-in provisions
- Create a national bank for the people
- Allow commercial decisions to determine if a bank should stand or fall
- Convict and imprison any banker found to be breaking the law
- Use quantitive easing to improve the infrastructure and not bank profits.
- Stop transferring junk derivatives into government ownership.
- Give every person a lump sum (say $1,000) towards debt repayments. If you don't have any debts, you get to spend the money.
- Allow crypto-currencies to exist without government intervention.
- Scrap the EU to remove the problems caused by Germany
+1
<< supports this.
But from where 1,000$ will come? Tax?

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